Friday, January 10, 2025 | 11:59 AM ISTEN Hindi

RIL, IT stocks help Sensex settle 195 pts higher; Nifty ends above 12,900

All that happened in the markets today

SI Reporter New Delhi

NSE's Nifty ended at 12,926, up 67 points, or 0.52 per cent.

8:55 AM

BROKERAGE VIEW :: MOFSL on Motherson Sumi

CMP: Rs 140 | TP: Rs 160 (+15%) | Reco: Buy

>> Stabilization of SMP’s greenfield plant is critical in driving earnings recovery for MSS, which we estimate to reflect from 2HFY21. Execution of a strong order book and limited capex at SMPBV and the India business augurs well for MSS. Also, the company will benefit from content increase in BS6 as well a good PV recovery.

>> Vision 2025 along with the ongoing restructuring of the group will shape the next phase of growth for the company. We believe MSS is the best proxy to a global automotive recovery, which is supplemented by company-specific earnings drivers.

>> The stock trades at 23.6x FY22E and 18.5x FY23E consolidated EPS. We maintain Buy with a TP of ~INR160 (Mar’23E SoTP based).

8:52 AM

Dow Jones Futures climb nearly 100 pts

8:48 AM

Nifty outlook by Sameet Chavan of Angel Broking

In our intra-week commentary, we had mentioned how the banking index is showing some signs of being overbought and very much on expected lines, we witnessed nearly 1,200 points correction in the last couple of days. Fortunately, due to the late surge in banking conglomerates, Bank Nifty closed very much in safer territory above 29,200. But, the real action continued in the broader markets and hence, we can still focus on the same. Traders are advised not to trade aggressively now and should continue with a stock centric approach. READ MORE

8:45 AM

Two stock recommendations by Vaishali Parekh of Prabhudas Lilladher

BUY SBI CARDS | CMP: Rs 806.90 | Target: Rs 900 | Stop Loss: Rs 740

The stock has taken support near 770 levels to make a double bottom formation pattern in the daily chart and has picked up momentum to improve the bias. We anticipate a fresh upward move in the coming days as the RSI indicator is well placed, indicating strength with the chart looking good. We suggest to buy and accumulate this stock for an upside target of Rs 900, keeping the stop loss of Rs 740. READ MORE

8:43 AM

Bulk deals on BSE as on Friday

Click here for complete list

8:42 AM

Bulk deals on NSE as on Friday

Click here for complete list

8:40 AM

FII/FPI & DII trading activity on NSE, BSE and MSEI

8:35 AM

Rupee check

Source: Bloomberg

8:28 AM

Oil prices extend gains on Covid-19 vaccine hopes

>> Oil prices extended their gains on Monday as traders were optimistic about a recovery in crude demand thanks to successful coronavirus vaccine trials, but price gains were contained by renewed lockdowns in several countries.

>> Sentiment was also bolstered by hopes that the Organization of the Petroleum Exporting Countries (OPEC), Russia and other producers, a group known as OPEC+, will keep crude output in check.

>> Brent crude futures rose 17 cents, or 0.4%, to $45.13 a barrel, while US West Texas Intermediate crude gained 4 cents, or 0.1%, to $42.46 a barrel. Both benchmarks had increased by 5% last week.

(Source: Reuters)

8:24 AM